In Senate Bill No. 2888 filed Sen. Teofisto Guingona III , it would amend Section 12 of Republic Act 1161 or the Social Security Act of 1977 , to raise the minimum amount of pension received by retired SSS members,

Guingona, said that the pension that were currently receiving by the retired members is not enough because of continued increases in the prices of commodities.

The last increase of monthly pension of SSS was way back 2004. And an estimated of two million SSS pensioners.

Under the Bill proposal , the current P2,400 monthly pensions of SSS members retirees who served for 20 years will likely to received an additional P2,000. Which they will received a total of P4,400 per month.

Meanwhile, the SSS members retiree with 10 years of credited years of service, would be receiving a monthly pension of P3,200 per month . from the previous P1,200 only.

Hopefully the Bill will passed in the senate, it would be a great help for all SSS members, a better and a higher monthly pension would be a great help for the continuing increase of cost of living.

This is a good idea of Sen. Teofisto Guingona III, we all know that pensioners, most of the time are not able to work when they retired. An increase of monthly pension will benefit a lot.